Mass Flow Controller Market Size- KBV Research
The Global Mass Flow Controller Market size is expected to reach $1.4 billion by 2024, rising at a market growth of 6.6% CAGR during the forecast period. A mass flow controller automatically regulates the flow rate of a gas according to a fixed flow rate sent as an electrical signal without being influenced by surrounding conditions or gas changes. Key applications include petrochemical and chemical gas and liquid pilot plants, semiconductor and led production tools, thin film deposition systems, biopharmaceutical bioreactors, among many others. Increasing demand for ultra-low flow rate mass flow controllers for numerous industrial and medical apps, increasing demand for mass flow controllers in the semiconductor industry for multiple apps, and increasing demand for mass flow controllers in fuel cells for solar power apps are the main factors influencing the growth of this market. In addition, organic and inorganic growth policies, such as brand innovations, expansions, partnerships, contracts and agreements, and acquisitions, are expected to add to the development of the mass flow controller market. Full Report: https://www.kbvresearch.com/mass-flow-controller-market/
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